The all-party committee that undertook the report has no say over
whether or not the proposed merger can go ahead, but its findings
could influence the decisions of regulatory bodies in Canada that
will need to approve the deal.

In the report, the committee warns that decision making power
could be skewed toward London under the proposed deal, which
currently would see the LSE control eight of 15 board seats.

‘This shift could result in decisions made that do not reflect
the interests of Ontarians and Canadians as a whole,’ commented
Gerry Phillips, an Ontario cabinet minister, as he submitted the
report.

This issue could be resolved if TMX and LSE have equal representation on the
merged group’s board, the report says. The report also calls for
safeguards to ensure jobs and operations in Canada would be
protected.